This segment includes the following business areas:

  • Medium/long/term financing, supporting the company's operating cycle through services ranging from working capital financing to the support for productive investments;
  • Structured Finance, supporting companies in the legal, organisational and financial arrangement of bilateral or syndicated loans;
  • Workout & Recovery, which manages the UTPs and Bad Loans of all the portfolios of the sector's other two business areas, as well as the runoff of project finance, shipping and real estate portfolios.

 

INCOME STATEMENT DATA

(in thousands of Euro)
31.12.201631.12.2015CHANGE
   ABSOLUTE%
Net interest income8,385n.a.n.a.n.a.
Net commission income(5,260)n.a.n.a.n.a.
Dividends and trading(173)n.a.n.a.n.a.
Net banking income2,952 n.a.n.a.n.a.
Net impairment losses on receivables and other financial assets(63)n.a.n.a.n.a.
Net profit (loss) from financial activities2,889n.a.n.a.n.a.
 
QUARTERLY INCOME STATEMENT DATA

(in thousands of Euro)
4th Q. 20164th Q. 2015CHANGE
   ABSOLUTE%
Net interest income8,385n.a.n.a.n.a.
Net commission income(5,260)n.a.n.a.n.a.
Dividends and trading(173)n.a.n.a.n.a.
Net banking income2,952n.a.n.a.n.a.
Net impairment losses on receivables and other financial assets(63)n.a.n.a.n.a.
Net profit (loss) from financial activities2,889n.a.n.a.n.a.
 

The net banking income of the Corporate Banking sector, which contributed to the 2016 results only for the month of December, totalled 3,0 million Euro. This amount included the 8,5 million Euro positive impact of the breakdown of the difference between the fair value as measured in the business combination and the carrying amount of the receivables recognised by the subsidiaries over time. Net banking income also included 5,8 million Euro in commission expense for the arrangement of the Indigo Loan securitisation, as detailed in Part E of the Notes to the Consolidated Financial Statements.

   

STATEMENT OF FINANCIAL POSITION 

(in thousands of Euro)
31.12.201631.12.2015CHANGE
   ABSOLUTE%
Bad loans27,260n.a.n.a.n.a.
Unlikely to pay142,741n.a.n.a.n.a.
Past due loans1,669n.a.n.a.n.a.
Total net non-performing exposures to customers171,670n.a.n.a.n.a.
Net performing loans734,012n.a.n.a.n.a.
Total on-balance-sheet loans to customers905,682n.a.n.a.n.a.
 
 
NON-PERFORMING CORPORATE BANKING LOANS
(in thousands of Euro)
BAD LOANS(1) UNLIKELY TO PAYPAST DUELOANSTOTAL
BALANCE AT 31.12.2016    
Nominal amount of non-performing exposures456,184265,4121,685 723,281
As a proportion of total gross receivables13.5%7.9%0.0%21.4%
Impairment losses428,924122,67116 551,611
As a proportion of gross value94.0%46.2%0.9%76.3%
Carrying amount27,260142,7411,669 171,670
As a proportion of net total receivables0.9%4.6%0.1%5.6% 
 
KPI31.12.201631.12.2015CHANGE
   ABSOLUTE%
Nominal amount of receivables managed1,739,175n.a.n.a.n.a.
Total RWA per segment929,337n.a.n.a.n.a.
 
KPI y/y31.12.201631.12.2015CHANGE
   ABSOLUTE%
Cost of credit quality0.0%n.a.n.a.n.a.
Net bad loans/Loans to customers3.0%n.a.n.a.n.a.
Net bad loans/Equity2.2%n.a.n.a.n.a.
Coverage ratio on gross bad loans94.0%n.a.n.a.n.a.
Non-performing exposures/Loans to customers19.0%n.a.n.a.n.a.
Net non-performing loans/Equity14.1%n.a.n.a.n.a.
Total RWA per segment929,337n.a.n.a.n.a.